Thu, Feb 1, 2024 10:59 AM
Tax collections seen 14% higher in FY25 Union Budget
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TVS Motor's MD, Sudarshan Venu, expects 2W industry demand to recover strongly in CY25/FY26, with double-digit growth in FY25, driven by product actions and exports recovery in key markets like Africa. TVSL aims to outperform, with a focus on premium motorcycles, scooters, and electric vehicles, and is expected to benefit from declining battery prices.
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PL Capital has come out with its third quarter (October-December’ 24) earnings estimates for the Building Material sector. The brokerage house expects Kajaria Ceramics to report net profit at Rs. 100.5 crore down 3.8% year-on-year (up 15.3% quarter-on-quarter).Net Sales are expected to increase by 2.1 percent Y-o-Y (down 0.3 percent Q-o-Q) to Rs. 1,176.3 crore, according to PL Capital.
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Shares of state-run Bharat Petroleum Corporation Ltd. (BPCL) are trading with losses of 2% on Wednesday, January 22, ahead of its December quarter earnings. BPCL is expected record a significant surge in net profit, both year-on-year (YoY) and quarter-on-quarter. This will be driven by robust refining and marketing margins coupled with minimal inventory losses.
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